Simran Monga Company's total stockholders' equity at the beginning of the year was $200,000. During the year the company reported the following:Net loss of $30,000.Common Stock issued in exchange for land totaling $80,000.Collections of accounts receivable $40,000.Borrowed $20,000 from a stockholder.Dividends declared and paid totaling $2,000.What is the total stockholders' equity at the end of the year? A. $348,000. B. $288,000.C. $248,000. D. $168,000 Answer is C , explain how you get to 248000

Kelley Company reports $1,875,000 of net income and declares $262,500 of cash dividends on its preferred stock for the year. At year-end, the company had 390,000 weighted-average shares of common stock. 1. What is the company's basic earnings per share (EPS)? 2. In the prior year, Kelley had a basic earnings per share (EPS) of $3.93. Did Kelly improve its earnings per share (EPS) in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the company's basic earnings per share (EPS)? Basic earnings per share Choose Numerator: I Choose Denominator: Net income available to common stockholders Weighted-average outstanding shares = Basic earnings per share

On December 31. Sulfur Corporation has the following data available:   Net Income                                                $140,000 Interest expense                                          20,000 Total assets at the beginning of the year   720,000 Toital assets at the end of the year            810,000 Total common stockholders' equity at the beginning of the year  440,000 Total common stockholders' equity at the end of the year   300,000   What is return on equity? A. 32.43% B. 27.03% C. 37.84% D. 15.69%

At the end of the accounting period, Houston Company had $8,000 of par value common stock issued, additional paid-in capital in excess of par value – common of $10,300, retained earnings of $8,500, and $6,000 of treasury stock. What is the total amount of stockholders' equity?

On July 3, the Southside Company declared a cash dividend of $0.75 per share. There are 45,000 shares outstanding. What is the journal entry that should be recorded?

Helio Co. has retained earnings at the beginning of the current year of $400,000. During the current year net income of $70,000 was earned, and a cash dividend of $1.00 per share was declared and paid on the 50,000 shares of common stock outstanding. Prepare a statement of retained earnings as of the end of the current year.

James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the EPS for the year for James (rounded to the nearest dollar)?